Posted by Naeem Aslam | 24/04/2017 08:53 *Le Pen and Macron facing each other in round two on the 7th of May. *CAC and Euro pop while Bond yields drop but not for long. *ECB Needs to play it’s A-game. *Fed would pay close attention to elections in France. We have the most…
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DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) A huge gap higher has completely changed the outlook once more for the DAX. However with volatility so elevated this is a market that will be difficult to call on a near term basis. Technicals have been blown out of the water this morning…
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Market Overview Financial markets gave a huge sigh of relief after Emmanuel Macron emerged as the clear front runner in the first round of voting for the French Presidential Election. With Macron securing 23.7% (versus Marine Le Pen’s 21.7%), traders have a risk positive outcome and market sentiment is subsequently strong. Although Le Pen has…
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The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force today announced the launch of a government-industry partnership to strengthen Singapore’s capabilities in the fight against money laundering and terrorism financing (ML/TF). The Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) brings together selected industry…
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Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains, Reuters reported earlier today. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 added 26 cents, or 0.5%,…
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The following is based on research from Peter Rosenstreich, Head of Market Strategy at Swissquote Group Holding SA (SWX:SQN). If the current French Presidential exit polls are correct, then they are showing a very market-friendly result. The failure of Marine Le Pen or Jean-Luc Melenchon to surge on voting day should be viewed as a vote for…
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Management changes continued to dominate Forex Industry News this week, with all the key changes reported first or exclusively at LeapRate. In more detailed coverage, we unveiled what seems to be behind the bankruptcy of retail forex broker GCMFX - and it certainly wasn't what the company is claiming. Politics also made its way into…
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Continuing a string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued two Cease Trade Orders against Mpower Technologies Limited and Melnic Group Ltd. The orders expire on May 3, 2017 and may be extended as necessary. Mpower Technologies Limited…
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This article was written by freelance writer Zak Goldberg. At its peak in September 2014, an estimated $6 trillion was transacted every single day across the globe. This coincided with a period of sustained (if slightly sluggish) economic growth, as the climate began to improve after the Great Recession and years of stagnation. While forex…
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The Securities and Futures Commission (SFC) welcomes the re-appointment of Mr Ashley Alder as its Chief Executive Officer for another three-year term effective from 1 October 2017. Mr Alder was first appointed as the SFC’s CEO on 1 October 2011. His current term will end on 30 September 2017. I am delighted that Ashley has…
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